■
GB Energy
failed to raise $21 million new capital and has pulled its entitlement offer. The directors determined not to extend the raising, after a previous extension failed to bring in the required funds.

■
Cardia Bioplastics
raised $1.1 million in its renounceable rights issue, through the issued of 108 million shares. Underwriter Patersons Securities were left to place the 339 million shortfall securities.

■
New Horizon
Minerals announced its non-renounceable entitlement issue had closed and 20.5 million options issued.

■
Latin Resources
wrote to shareholders inviting them to partake in a share purchase that aimed to raise up to $7.7 million. Existing shareholders can buy up to $15,000 worth of stock at 26¢ a share. The SPP follows on from a placement that raised $4 million.